A 6-foot sub valued at $25 is divided among five players (P1, P2, P3, P4, P5) using thelast diminisher method. The players play in a fixed order, with Pl first, P2 second, andso on. I round 1, P1 makes the first cut and makes a claim on a C-pièce. For each of theremaining players, the value of the current C-piece at the time it is their turn is given inthe following table:a.) What is the fair share for each player?Show your work in the space provided below.b.) What does player 2 do with the piece and why?c.) What does player 3 do with the piece and why?d.) What does player 4 do with the piece and why?e.) What does player 5 do with the piece and why?£) Who gets the piece at the end of round 2 and why is it that person?g.) What is the value of the piece? 2. A 6-foot sub valued at $25 is divided among five players (P1, P2, P3, P4, P5) using thelast diminisher method. The players play in a fixed order, with P1 first, P2 second, andso on. I round 1, P1 makes the first cut and makes a claim on a C-piece. For each of theremaining players, the value of the current C-piece at the time it is their turn is given inthe following table:Player 2Player 3Player 4Player 5Value of$4$6$5.50$7.50current C-piecea.) What is the fair share for each player?Show your work in the space provided below.b.) What does player 2 do with the piece and why?c.) What does player 3 do with the piece and why? d.) What does player 4 do with the piece and why?e.) What does player 5 do with the piece and why?f) Who gets the piece at the end of round 2 and why is it that person?g.) What is the value of the piece?In the second round, Player 1 makes the initial cut and claims the piece, and the currentvalues in round 2 are shown below.Player 2Player 3Player 4Value of$7$4.50$3current C-pieceh.) Who gets the piece at the end of round 2?Explain vour reasoning here:T'Forus

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